Venture capital investment increased in the Philadelphia area... in the third quarter, according to the latest MoneyTree Report.
There were 31 venture capital financings totaling $136.3 million involving companies in the Philadelphia Metro Region...
The report defines the Philadelphia Metro Region as eastern Pennsylvania, South Jersey (including Princeton) and Delaware....
Both the number of financings... and the amount invested were higher than they were in the first or second quarters of this year or the third quarter of last year. The deals were the most since 38 in the fourth quarter of 2008 and the amount invested was the most since $142.1 million in the fourth quarter of 2009.
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